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To open long positions on GBP/USD you need:
The British pound gradually returned to the resistance level of 1.3000, a break above which can form a more powerful upward correction. Consolidating on this range will be a signal to open long positions in order to update the highs of 1.3074 and 1.3128, where I recommend taking profits. In case the pair is under pressure, the bulls will try to protect the support of 1.2930, but only the formation of a false breakout on it will be a signal to open long positions. For a more reliable scenario, purchases are best deferred until the lows 1.2879 and 1.2831 are updated.
To open short positions on GBP/USD you need:
Bears today need to return the pound to a support of 1.2930, however, only a breakout and consolidation below this range forms a new downward channel, which will lead to further trend preservation with the pair going to the low of 1.2879 and 1.2831, where I recommend taking profit. In the scenario of GBP/USD growth in the morning, short positions can be returned on a false breakout in the region of a high of 1.3000, or you can sell the pound immediately for a rebound from the resistance of 1.3074.
Signals of indicators:
Moving averages
Trading is carried out in the region of 30 and 50 moving average, which indicates the possible formation of an upward correction in the pair.
Bollinger bands
If the pound declines, support will be provided by the lower boundary of the indicator at 1.2920. A breakthrough of the upper boundary of the indicator in the area of 1.3000 will strengthen demand for the pound.
Description of indicators
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